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Of Standing and Stonewalling: Chester, Pennsylvania Bankruptcy Sheds New Light on Chapter 9 Eligibility Requirements
2023-04-13

On March 14, 2023, Judge Ashely M. Chan of the U.S.

Filed under:
USA, Pennsylvania, Employment & Labor, Insolvency & Restructuring, Litigation, Cadwalader Wickersham & Taft LLP, Mediation
Authors:
Ivan Loncar , Casey Servais , Lary Stromfeld , Thomas Curtin , Marc Veilleux
Location:
USA
Firm:
Cadwalader Wickersham & Taft LLP
View Original Article
Bankruptcy Court Dismisses Cannabis Company Employee’s Chapter 13 Case
2023-02-17

Last month, the United States Bankruptcy Court for the District of Massachusetts denied confirmation of a cannabis company employee’s Chapter 13 plan and dismissed his bankruptcy case. The employee, Scott H. Blumsack (the “Debtor”), is a general manager who is licensed in Massachusetts to work for Society Cannabis Co., a Massachusetts-licensed retailer, wholesaler, and producer of cannabis products.

Filed under:
USA, Employment & Labor, Insolvency & Restructuring, Litigation, Squire Patton Boggs, Cannabis
Authors:
Kyle F. Arendsen
Location:
USA
Firm:
Squire Patton Boggs
View Original Article
Caribbean regulatory update Q1 2023
2023-01-12

This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter – including amendments to BVI business company fees, the introduction of the BVI Virtual Asset Service Providers Act, and an update on the list of director names which is now publicly available in the BVI. It also contains a reminder of the January 2023 filing deadlines in the Cayman Islands, amendments to the Cayman LLC legislation and details of the highest possible rating given to the Cayman Islands by OECD for effectiveness of AEOI regime.

Filed under:
British Virgin Islands, Cayman Islands, Company & Commercial, Compliance Management, Employment & Labor, Insolvency & Restructuring, IT & Data Protection, Non-profit Organizations, Tax, Trade & Customs, White Collar Crime, Mourant, Cybersecurity, Anti-money laundering, OECD, Financial Action Task Force, European Court of Justice
Location:
British Virgin Islands, Cayman Islands
Firm:
Mourant
View Original Article
CMS Expert Guide to restructuring and insolvency law
2020-09-01

Restructurings, especially those involving multiple jurisdictions, are invariably complex matters. This CMS Expert Guide provides an overview of the various restructuring possibilities available in a large number of countries, allowing you to compare how the options are deployed in these jurisdictions.

We intend to update it periodically to reflect important changes as they happen.

If you need more information or have any questions, please do not hesitate to contact us.

Filed under:
Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, China, Colombia, Croatia, Czech Republic, European Union, France, Germany, Global, Hungary, Italy, Luxembourg, Netherlands, Peru, Poland, Portugal, Romania, Serbia, Singapore, Slovakia, Slovenia, Spain, Switzerland, Ukraine, United Arab Emirates, United Kingdom, USA, Banking, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Litigation, Public, Brexit, Due diligence, Coronavirus, Court of Justice of the European Union
Location:
Angola, Austria, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, China, Colombia, Croatia, Czech Republic, European Union, France, Germany, Global, Hungary, Italy, Kenya, Luxembourg, Netherlands, Peru, Poland, Portugal, Romania, Serbia, Singapore, Slovakia, Slovenia, Spain, Switzerland, Ukraine, United Arab Emirates, United Kingdom, USA
View Original Article
UPDATED: Emergency legislation and measures around the world (COVID-19)
2020-07-20

UPDATED 3 AUGUST 2020

Updates marked with *

Updated: Ireland, Israel

We take a look at some of the recent emergency legislation and measures implemented by various nations around the world in response to COVID-19. As this is a rapidly developing crisis, please ensure you keep a close eye on the Lexology Coronavirus hub page for the most up-to-date information.

Filed under:
Argentina, Australia, Brazil, Canada, Chile, China, Colombia, European Union, France, Germany, Global, Guernsey, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Netherlands, New Zealand, Portugal, Russia, Singapore, Slovakia, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, USA, Company & Commercial, Employment & Labor, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, Leisure & Tourism, Public, Tax, Coronavirus, Coronavirus compliance, European Commission, HM Revenue and Customs (UK)
Location:
Argentina, Australia, Brazil, Canada, Chile, China, Colombia, European Union, France, Germany, Global, Guernsey, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Netherlands, New Zealand, Portugal, Russia, Singapore, Slovakia, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom, USA
View Original Article
The UAE’s Bankruptcy Regime: An Employment Perspective
2017-09-29

The UAE government issued a new bankruptcy law, UAE Federal Decree Law No. 9 of 2016 (“Bankruptcy Law”) which came into force on 29 December 2016.

The introduction of the Bankruptcy Law is regarded as an important step towards bringing more clarity to the UAE’s insolvency regime. The Bankruptcy Law outlined a more modernized approach to company restructuring and insolvency management.

Filed under:
United Arab Emirates, Employment & Labor, Insolvency & Restructuring, Al Tamimi & Company, Bankruptcy, Dubai International Financial Centre
Location:
United Arab Emirates
Firm:
Al Tamimi & Company
View Original Article
A competitor to the DIFC? The emergence of the Abu Dhabi Global Market as an alternative ‘offshore’ legal framework within the UAE
2015-07-29

The ADGM was established in Abu Dhabi in 2013. However, the ADGM has only recently (on 15 June 2015) published its first set of commercial rules and regulations for non-financial services (the Regulations) relating to companies, insolvency, employment and real property and strata title. It is also expected to publish regulations for financial services later this year. ADGM’s intentions are clear.

Filed under:
United Arab Emirates, Company & Commercial, Employment & Labor, Insolvency & Restructuring, Real Estate, Dubai International Financial Centre
Location:
United Arab Emirates
View Original Article
Debtor Can Sell Assets Free and Clear of Successor Liability Claims Asserted by Union Pension Funds
2022-12-05

The ability of a bankruptcy trustee or chapter 11 debtor-in-possession to sell assets of the bankruptcy estate "free and clear" of "any interest in property" asserted by a non-debtor is an important tool designed to maximize the value of the estate for the benefit of all stakeholders. The U.S. Bankruptcy Court for the Southern District of Illinois recently examined whether such interests include "successor liability" claims that might otherwise be asserted against the purchaser of a debtor's assets. In In re Norrenberns Foods, Inc., 642 B.R. 825 (Bankr. S.D. Ill.

Filed under:
USA, Employee Benefits & Pensions, Employment & Labor, Insolvency & Restructuring, Litigation, Jones Day, Employee Retirement Income Security Act 1974 (USA), United States bankruptcy court
Authors:
T. Daniel Reynolds (Dan) , Mark G. Douglas
Location:
USA
Firm:
Jones Day
View Original Article
Court of Appeal summaries (November 14, 2022 - November 18, 2022)
2022-11-19

Following are this week’s summaries of the Court of Appeal for Ontario for the week of November 14, 2022.

Filed under:
Canada, USA, Ontario, Banking, Capital Markets, Company & Commercial, Construction, Employment & Labor, Insolvency & Restructuring, Litigation, Real Estate, White Collar Crime, Bankruptcy, Power of attorney, Financial Crimes Enforcement Network (USA), British Columbia Supreme Court
Location:
Canada, USA
View Original Article
Bankruptcy Doesn’t Shield Employees from WARN Act Layoff Notice Requirements—Unless an Exception Applies
2022-11-16

Layoffs often accompany corporate bankruptcy, and employers should be aware of the legal obligations that impact mass layoffs and plant closures. Most notably, the federal WARN Act requires employers to notify the workforce of a mass layoff, a temporary shutdown, or a closure of all or part of a business.

Employers that fail to provide adequate notice could be on the hook for damages of back pay and benefits-related compensation per employee for each day the company violated the WARN Act (up to 60 days).

Filed under:
USA, Employment & Labor, Insolvency & Restructuring, Litigation, Bankruptcy, Worker Adjustment and Retraining Notification Act 1988 (USA)
Location:
USA
View Original Article

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